Apollo Energy publishes a daily energy market analysis, focusing on the gas, power and oil markets including a commentary on how the markets close and open. Our analysis provides insight on how the markets are performing and also considers various factors which could dictate price changes in the future.
The analysis also contains a graph which tracks the one-year forward price of both gas and electricity as well as changes to Brent crude oil.
The majority of gas prices decreased yesterday as milder temperatures are expected, while wind generation is set to remain healthy until the weekend at least. Weaker coal, oil and carbon markets also helped to apply further downward pressure at the back of the curve.
Gas prices decreased across the curve yesterday, erasing Tuesday’s gains. Prices followed the rest of the European energy complex, with coal, power and carbon markets all displaying losses. Further bearish pressure was provided by a milder weather outlook.
Gas prices found some support from an undersupplied system yesterday, with most contracts on the near curve displaying a gain. Coal and power markets also moved higher, while carbon was mostly stable.
A change to transmission charging methodology could have a significant impact on energy costs for some businesses, particularly those with high capacity, relative to their demand and those with the ability to shift loads at peak times.
Gas prices displayed mixed movement throughout yesterday’s session and ended the day almost unchanged. The spread of the Coronavirus in China has caused concerns of an economic slowdown, offsetting bullish factors such as a colder weather outlook and undersupply.